Over the past week, bitcoin has seen its price spike over 12.5% to around the $11,500 level clearly outshining other major cryptos. Is this a coincidence or is there something more important going on. If this action had occurred last summer, the explanation would have been that bitcoin was just part of the unquenchable thirst of the public to own cryptocurrency. But these days, we believe that lots of the purely speculative phase is behind and that fundamentals will play a more important role moving forward. The recent bitcoin action provides some support for this theory. Last week’s announcement by...

The following article is based on insights from the Blockchain Connect Conference in San Francisco. Included in this exchange panel are exchange CEO’s Chris Lee (OKEX), Jesse Powell (Kraken), Mike Kayamori (Quoine), Chief Strategy Officer Kailong Cai (Huobi), and Head of International Markets Ted Lin (Binance Exchange). Cryptocurrency Trading Demographics The US, Japan, and China are major cryptocurrency markets. The average trader is male in their 20s and 30s, with females and other extreme age groups entering the market. OKEX: “30% of all Koreans are trading crypto.” Huobi: 70% of customers come from China, a lot from Japan, but not much from...